Global Economy Storyboard
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The global economy is the trades between countries by buying and selling products.
What is the Global Economy?
Here in Canada we import all our electronics from China as it is cheaper there.
Canada's largest export to China is wood pulp paper scraps.
Importing is when a a country buys a good from another country. A good is a product.
Canada has a surplus of oil so they export it to America
Exporting is when a country sells a good to another country.
In conclusion, the global economy is very important because one country can't produce all products. All the countries need each other to function.
Both China and Canada in this case are trading with each other. Trading is giving someone something and getting something in return.
A surplus is the amount of products leftover after all the needs in a country are meet.
Over 14 Million
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